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CRYPTO NEWS ARCHIVE

Permanently retained stories with extracted source text and completed, source-grounded AI summaries.

  1. ALLCointelegraph

    South Korea to test tokenized government bonds with CBDC in 2027South Korea will test tokenized government bonds linked to the Bank of Korea’s wholesale CBDC system in 2027 as token securities rules take effect.

    South Korea plans to pilot tokenized government bonds linked to the Bank of Korea’s wholesale CBDC system in 2027, as part of its 2026 Economic Growth Strategy. The pilot aims to test whether the CBDC infrastructure can support capital markets beyond digital payments and will coincide with the introduction of regulated token securities laws effective from February 2027, allowing issuance and circulation of tokenized securities. The government also intends to explore interoperability between the BOK’s CBDC and other blockchains as part of a broader initiative to promote a blockchain economy. Specific details on the bonds involved, pilot scale, participants, and blockchain technology remain unspecified.

  2. BITCOINCoinDesk

    Live updates: Bitcoin rises past $64,000 after soft inflation data, Warsh testimony

    Bitcoin traded near $62,600, down slightly over 24 hours and stable for the week, amid renewed geopolitical tension as President Trump reinstated the U.S. blockade on Iranian ships in the Strait of Hormuz, pushing Brent crude oil prices up around 2.8%. This development reversed a prior peace agreement, increasing inflation concerns and boosting expectations of a Federal Reserve rate hike, which negatively impacts crypto markets. While Bitcoin has ranged between $59,000 and $66,000 for the past month, Ether was slightly up, and other major tokens like Solana and XRP dropped over 5%. The upcoming June inflation report will be key in determining the Fed's next move and the cryptocurrency market's direction.

  3. BITCOINCoinDesk

    Solo bitcoin miner makes $200,000 using $150 equipment

    A solo Bitcoin miner using a low-power Bitaxe device recently mined block 957,382, earning 3.1382 BTC worth about $200,000 with equipment costing between $60 and $150. The Bitaxe, an open-source ASIC miner delivering around 1 to 1.3 terahashes per second with low power consumption, was run for just eight hours on Public Pool. This event marks the second time a single Bitaxe has successfully solo-mined a block. Solo mining activity has increased, with 24 blocks mined in the past year, a 41% rise compared to the prior year, even as the broader Bitcoin mining industry faces challenges and reduced profitability.

  4. BITCOINCoinDesk

    Bitcoin slips as traders lift July Fed rate hike bets ahead of Inflation report

    Bitcoin and other major cryptocurrencies fell over 2% as traders increased bets on a Federal Reserve rate hike in July, pushing money market expectations from about 10% to 50%. The two-year U.S. Treasury yield reached 4.29%, its highest since early last year, amid rising oil prices and escalating U.S.-Iran tensions. Market focus is on the upcoming June consumer-price index report and Fed Chair Kevin Warsh’s congressional testimony, which may clarify the Fed's policy direction amid mixed signals from inflation data and geopolitical developments.

  5. ALLCointelegraph

    CLARITY Act gains second law enforcement endorsement before Senate pushThe Federal Law Enforcement Officers Association expressed support for the CLARITY Act but urged changes to the legislation’s language.

    The Federal Law Enforcement Officers Association (FLEOA) has become the second major U.S. law enforcement group to endorse the Digital Asset Market Clarity Act (CLARITY Act), while urging revisions to enhance accountability in decentralized finance (DeFi) and protect investigative powers. Their support, following that of the National Organization of Black Law Enforcement Executives (NOBLE), aims to counter concerns that the Act could weaken law enforcement's ability to combat crypto crime. FLEOA called for narrowing DeFi protections, clarifying accountability, and ensuring the bill does not limit existing federal investigative authority. The endorsement arrives shortly before the Senate’s August recess, viewed as a critical deadline for passing the legislation.

  6. ALLCoinDesk

    Franklin Crypto CIO says crypto prices are disconnected from fundamentals

    Franklin Crypto CIO Ginns stated that crypto prices are currently disconnected from their underlying fundamentals despite increasing institutional interest in the sector. Following Franklin Templeton’s acquisition of 250 Digital, the firm is focused on creating a leading fundamental crypto investment platform, highlighting developments such as Robinhood’s blockchain efforts and tokenized money market funds that bridge traditional finance and crypto. Ginns emphasized that regulatory clarity, including the upcoming Senate vote on the CLARITY Act, and improved tokenomics could drive future market growth, citing projects like Hyperliquid, Uniswap, Aave, Chainlink, and Stellar as examples of potential beneficiaries.

  7. DEFICoinDesk

    Binance.US CEO says exchange is rebuilding, eyes return to 20% U.S. market share

    Binance.US CEO Stephen Gregory stated that the exchange is emerging from a two-year regulatory-related "hibernation" and aims to regain its previous 20% share of the U.S. crypto market. Operating as a U.S.-only entity with separate governance from Binance.com, Binance.US is competing with Coinbase and Kraken by offering nearly zero trading fees and expanding its product lineup. The exchange is also rebuilding liquidity through incentives and user engagement, while seeking additional licenses to offer derivatives and other products amid a potentially favorable regulatory environment.

  8. ALLCoinDesk

    Bolivia weighs adding Tether's USDT to its national payments system

    Bolivia is considering integrating Tether's USDT stablecoin into its national payments system as a regulated alternative alongside the boliviano and U.S. dollar. This move follows a significant increase in crypto usage after the central bank lifted transaction restrictions in mid-2024, with transaction volumes rising from $46.5 million to $294 million year-over-year. Economy Minister José Gabriel Espinoza indicated that a framework for banks, digital wallets, and payment providers is under technical review, but official adoption would require enhanced anti-money laundering measures due to Bolivia's ongoing Financial Action Task Force grey-list status. The proposal aligns with broader efforts to address dollar scarcity and follows initiatives like the state energy company's plan to use crypto for imports and Banco Unión's recent rollout of USDT purchases for international payments.

  9. ALLCointelegraph

    Hyundai completes USDT treasury settlement pilot between US and MexicoHyundai completed a proof-of-concept using Tether's USDT to settle a cross-border treasury transfer between its US and Mexican subsidiaries, highlighting growing enterprise interest in stablecoin-based payments.

    Hyundai Motor's US and Mexican units completed a pilot cross-border treasury transfer using Tether's USDT stablecoin on the Avalanche blockchain, settling a $20,000 payment in about seven minutes. The pilot utilized Axiym's settlement infrastructure, with Hyundai Card managing compliance and operational aspects, aiming to assess integration into existing corporate treasury workflows without altering governance or accounting processes. This marks a step in the expanding use of stablecoins for corporate treasury functions, alongside growing enterprise adoption and stablecoin market growth, with USDT remaining the largest stablecoin by market capitalization.

  10. ETHEREUMCoinDesk

    Tom Lee's BitMine ether holdings rise to 5.77 million tokens, or 4.8% of total supply

    BitMine Immersion (BMNR) has increased its Ethereum holdings to 5.77 million ETH, representing about 4.8% of Ethereum's circulating supply, with nearly five million of these tokens staked to earn rewards. The company also holds 206 bitcoin, sizable equity stakes in Beast Industries and Eightco Holdings, and nearly $482 million in cash and securities. Chairman Tom Lee highlighted growing activity on Ethereum's layer-2 networks, particularly the Robinhood Chain built on Arbitrum, which has surpassed $1 billion in dollar trading volume. Despite this, BMNR's shares fell 3% alongside a 2% decline in ETH prices.

  11. ALLCoinDesk

    Wall Street transfer agents lobby SEC, warning that third-party tokens pose risks to market integrity

    The Securities Transfer Association (STA), representing Wall Street transfer agents, has petitioned the SEC to prioritize issuer-sponsored tokenized shares over third-party stock tokens in regulations for blockchain-based equities. The STA contends that only tokens authorized by issuers and recorded in official shareholder registers should qualify as true tokenized stocks, warning that third-party synthetic or custodial tokens risk investor rights and market integrity. This distinction comes amid intensifying competition among financial firms to build a multitrillion-dollar tokenized securities market, with the SEC previously acknowledging a variety of tokenization models. The STA also called for modernizing the Direct Registration System to support issuer-backed tokens and urged clear regulatory frameworks to prevent confusion around third-party token products.

  12. ALLCoinDesk

    U.S. inflation, second-quarter earnings reports: Crypto Week Ahead

    In the coming week, U.S. inflation data, including June's consumer price index and producer prices, along with second-quarter earnings reports from major banks like JPMorgan, Citigroup, and Wells Fargo, are expected to impact cryptocurrency markets. Softer inflation readings could encourage easier Federal Reserve monetary policy, potentially bolstering bitcoin and broader crypto assets, while stronger inflation might delay rate cuts and pressure prices lower. Additionally, heightened U.S.-Iran tensions and geopolitical risks may increase market volatility, affecting oil and risk assets. Key crypto events include Ethereum's Glamsterdam upgrade review and Jito’s launch of a self-custody Solana trading app.

  13. BITCOINCoinDesk

    Paradigm shifts vs bubbles: AI chips and bitcoin show powerful trends can still produce severe corrections

    The AI infrastructure boom drove significant gains in memory-chip companies like Micron Technology and Sandisk, with increases of roughly 700% and 4,000% year-over-year, respectively, before they experienced sharp pullbacks. Similarly, SK Hynix saw a large IPO followed by a 15% decline, reflecting volatility amid peak optimism. Precious metals such as silver and gold also surged and then retreated, while Strategy (MSTR), a major corporate bitcoin holder, fell about 80% from its peak as the premium on its bitcoin holdings diminished. These cases illustrate that while underlying structural trends in AI chips, precious metals, and bitcoin remain valid, their market valuations are subject to significant cyclical corrections.

  14. BITCOINCoinDesk

    Live markets: Bitcoin, stocks, bonds sharply lower as Fed's Waller signals near-term rate hike

    Bitcoin slipped below $63,000, dropping about 1.4% to $62,800 after a brief fall from $64,300 during the Asian session, primarily due to a minor leverage flush within its recent trading range of $59,000 to $66,000. Meanwhile, South Korean chipmaker SK Hynix also declined more than 30% from its June peak following its U.S. trading debut, affected by profit-taking and a shift into American depositary receipts. Although unrelated, both assets have moved in the same direction over weeks amid shifting risk appetite influenced by the AI sector, with analysts noting about 30% of Bitcoin's pressure stems from capital flowing into AI. Market participants await upcoming key events—the June inflation report on July 14 and the Federal Reserve meeting on July 28–29—which could impact crypto and chip stocks.

  15. BITCOINCoinDesk

    Bitcoin holds near $63,800 as war-driven selloff hits everything but crypto

    Bitcoin held near $63,800 on Monday, showing little reaction to the latest U.S. military strikes on Iran, while traditional assets like gold, oil, equities, and bonds experienced sharp swings due to fears of a wider conflict. Oil prices jumped above $79 a barrel, gold declined by 1.6%, and Treasury yields rose amid concerns that sustained higher oil prices could keep Federal Reserve interest rates elevated longer. This marks a shift for Bitcoin, which is now seen to move more in line with dollar liquidity and chip sector dynamics rather than geopolitical events. Other major cryptocurrencies like Ether and XRP also saw minimal movement, contrasting sharply with the broader market turmoil.

  16. ALLCoinDesk

    Signs of life?: State of Crypto

    Lawmakers are preparing to release a new draft of the Digital Asset Market Clarity Act, combining previous versions from the Senate Banking and Agriculture Committees with about 70 additional pages. However, key issues remain unresolved, including ethics provisions, which could hinder bipartisan support and timely passage before the 2026 midterm elections. Senate Majority Leader John Thune has indicated a possible vote in late July, but the lack of White House engagement and the necessity of President Donald Trump's approval on ethics matters pose challenges. Meanwhile, a separate provision banning the Federal Reserve from issuing a central bank digital currency until 2030 took effect through a housing bill, temporarily easing one negotiation point.

  17. BITCOINCointelegraph

    Strategy's Saylor needs clarity in BTC pivot message to convince investors: StanChartStandard Chartered sees communication challenges facing the biggest digital asset treasury company as "muddying the waters" for Bitcoin in the near term.

    Strategy's founder Michael Saylor has shifted the company's long-standing "never sell Bitcoin" stance by selling $216 million worth of Bitcoin to fund dividends and boost cash reserves, reducing its holdings to 843,775 BTC. Standard Chartered analyst Geoff Kendrick highlighted that Saylor's recent messaging lacks clarity, which could be causing uncertainty around Bitcoin's near-term outlook, despite the bank maintaining a $100,000 year-end price forecast. Strategy also raised the dividend rate on its STRC preferred stock to 12%, but both STRC and common shares have struggled significantly, with the latter down over 70% in the past year. The company is expected to report second-quarter earnings on July 30.

  18. ALLCoinDesk

    Stablecoin market cap has shrunk by $10 billion since May, but analyst sees no reason to panic

    The stablecoin market capitalization has declined by about $10 billion since May 2026, with a $7.7 billion drop occurring in June alone, primarily driven by decreases in Tether's USDT and Circle's USDC supplies. Despite this contraction, the market's 3% fall is modest compared to the 26% collapse during the 2022 crypto bear market, and analysts consider it a temporary setback amid ongoing long-term growth. New regulated stablecoin issuers like Paxos’ USDG and Anchorage Digital’s USDGO are gaining market share, gradually challenging the dominance of USDT and USDC as stablecoins expand into mainstream payments.

  19. ALLCointelegraph

    Pakistan crypto chief seeks dialogue after scholar rules against crypto paymentsPakistan’s virtual-assets regulator called for continued dialogue on the treatment of digital assets after meeting an Islamic scholar who backed a ruling against purchases made with crypto.

    Pakistan Virtual Assets Regulatory Authority (PVARA) chairman Bilal bin Saqib has called for ongoing dialogue on digital assets under Islamic law following a meeting with scholar Mufti Taqi Usmani, who supported a ruling against using crypto for purchases. The Islamic ruling, signed by Usmani and others at Jamia Darul Uloom Karachi, stated that cryptocurrencies like stablecoins do not qualify as recognized property under Islamic law. Saqib emphasized the need for nuanced assessment across different digital asset types rather than blanket judgments. This exchange highlights the tension between Pakistan's efforts to regulate crypto through PVARA and prevailing religious concerns amid the country's recent move toward a licensed virtual asset market.

  20. ETHEREUMCointelegraph

    Cambridge study puts Ethereum near lower end of PoS energy intensityCambridge estimated that Ethereum consumes 7.87 GWh annually and has the second-lowest market-value-adjusted energy intensity among the proof-of-stake networks studied.

    A Cambridge study estimated that Ethereum currently consumes about 7.87 GWh of electricity annually, placing it near the lower end of energy intensity among major proof-of-stake (PoS) blockchains. Adjusted for market value, Ethereum uses approximately 33 kWh per $1 million, second only to BNB Chain, while Solana consumes the most at 13.48 GWh annually with an energy intensity of 283 kWh per $1 million. The study also noted that 56.4% of Ethereum’s electricity comes from renewable and nuclear sources, with the network’s energy use significantly reduced following its transition from proof-of-work to proof-of-stake after the 2022 Merge.

  21. ALTCOINSCoinDesk

    Ripple once weighed shutting down and handing XRP to shareholders, CEO says

    Ripple CEO Brad Garlinghouse revealed that he and co-founder Chris Larsen briefly considered shutting down the company and distributing XRP to shareholders after the SEC sued Ripple in 2020, alleging XRP was an unregistered security. They ultimately chose to fight the lawsuit to preserve jobs, incurring about $150 million in legal fees over four years. The case concluded with a federal judge ruling that XRP is not a security, followed by a settlement last year under new SEC leadership that has taken a more crypto-friendly stance.

  23. BITCOINCointelegraph

    Empery Digital shares rise after selling BTC to fund AI data center projectThe sales come months after a major Empery shareholder demanded the firm ditch its Bitcoin treasury strategy and sought the resignation of its CEO and board.

    Empery Digital saw its shares rise after selling nearly half of its Bitcoin holdings, approximately 1,400 BTC, for about $87.1 million to fund a 25% stake in an AI data center project and to pay down $10 million in debt. This move came after significant pressure from major shareholder Tice P. Brown, who had urged the company to abandon its Bitcoin treasury strategy and replace its CEO and board. Empery’s Bitcoin holdings now stand at 1,514 BTC, down from a peak of 4,081. The positive market reaction reflects growing investor interest in AI initiatives amid waning confidence in Bitcoin treasury strategies.